LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 5, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB3006  by Uresti (Relating to composition of the board
               of directors of a tax increment reinvestment zone.), As
               Introduced
  
**************************************************************************
*  No fiscal implication to the State is anticipated.                    *
**************************************************************************
  
The bill would amend Section 311.009 of the Tax Code to grant additional
appointment authority, with regard to reinvestment boards of directors,
to taxing units that pay into a tax increment financing (TIF) fund.

Taxing units that had approved the payment of all or part of the tax
increment produced by the unit would have the right to appoint as many
members as appointed by the city that created the reinvestment zone.  The
bill would provide for the appointment of a board chairman by fellow
board members.

As the bill addresses only the appointment of reinvestment zone boards of
directors, the bill would have no impact on the state.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, SD, WP, BR